Sauress : AMH equipment market value to hit $44.68bn by '22

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AMH equipment market value to hit $44.68bn by '22

The Saudi Gazette Published in The Saudi Gazette on 03 - 07 - 2017

The automated material handling (AMH) equipment market was valued at $26.02 billion in 2015 and is expected to reach $44.68 billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022. The base year considered for study is 2015 and the forecast period is between 2016 and 2022. The report provides a detailed analysis of the automated material handling equipment market based on product type, system type, software and service, operation, application, and geography. Robotic system is expected to hold a large share of the automated material handling equipment market. The market for AGV is expected to grow at a high CAGR between 2016 and 2022.
The automated material handling equipment ecosystem comprises software providers, system component providers, OEMs, and distributors. The players involved in the development of automated material handling equipment include Toyota Industries Corp. (Japan), KION Group AG (Germany), Hyster-Yale Material Handling, Inc. (US), Daifuku Co., Ltd. (Japan), Jungheinrich AG (Germany), KUKA AG (Germany), Dematic GmbH and Co., Ltd. (Germany), and Bastian Solutions (US) among others as well as associations such as the Material Handling Institute, Material Handling Industry of America, and Occupational Safety and Health Administration.
The research methodology used to estimate and forecast the automated material handling equipment market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global automated material handling equipment market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for segments and subsegments. — SG

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